tax inversion - definition and synonyms

noun [countable/uncountable] business British 

Your browser doesn’t support HTML5 audio

/ˈtæks ɪnˌvɜ:(r)ʃ(ə)n/
singulartax inversion
pluraltax inversions
  1. 1
    a way of paying less tax that involves moving the headquarters of a business to a country with lower tax rates than the one where it does most of its business, or an example of this
  2.   From our crowdsourced Open Dictionary
    the practice of moving a company's headquarters to a place where tax is lower while continuing to be mainly active in the country of originSubmitted from United Kingdom on 25/09/2014